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NOAH

Seychelles|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.noahfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

NoahGlobal-Server

China
MT5
3

Influence

D

Influence index NO.1

Ukraine 2.48

MT4/5 Identification

MT4/5 Identification

White Label

3
Server Name
NoahGlobal-Server MT5
Server Location China

Influence

Influence

D

Influence index NO.1

Ukraine 2.48

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+852 30018806
cs@noahfx.com
https://www.noahfx.com/
Oliaji Trade Centre, 1st Floor, Victoria, Mahe, Seychelles.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+852 30018806

Broker Information

More

Company Name

Noah Global Limited

Company Abbreviation

NOAH

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0555814) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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NOAH · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

NOAH Review Summary in 10 Points
Founded 2-5 years
Registered Country/Region Seychelles
Regulation Not regulated
Market Instruments Forex, Noble metals, Index, Stock, Cryptocurrencies, Crude Oil
Demo Account Available
Leverage Up to 1:100
EUR/USD Spread Start from 0.0 pips
Trading Platforms MT5
Minimum Deposit USD 200
Customer Support Phone, Email, QQ, Wechat

What is NOAH?

NOAH is a global brokerage firm based in Seychelles. It provides traders with access to financial instruments including Forex, Noble metals, Index, Stock, Cryptocurrencies, Crude Oil. However, it is important to note NOAH is currently not regulated by any recognized financial authorities which may raise concerns when trading.

NOAH's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Various account types to suit different trading needs • Not regulated
•Wide range of trading instruments across multiple asset classes • Negative reviews from their clients
• MT5 platforms • Overnight fees applied
• UK, EU and USA clients are not accepted

NOAH Alternative Brokers

There are many alternative brokers to NOAH depending on the specific needs and preferences of the trader. Some popular options include:

  • RoboForex- RoboForex offers a wide range of trading instruments, competitive trading conditions, and multiple account types, making it suitable for both beginner and experienced traders.

  • FXCM- With its strong reputation and advanced trading technology, FXCM is a trusted broker offering competitive spreads and a wide range of trading instruments, suitable for both beginners and experienced traders.

  • Plus500- Plus500 stands out for its intuitive platform, extensive range of tradable assets, and commission-free trading, making it an attractive option for traders looking for a user-friendly and cost-effective trading experience.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is NOAH Safe or Scam?

When considering the safety of a brokerage like NOAH or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is not regulated by any major financial authorities, which means that there is no guarantee that it is a safe platform to trade with.

  • User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the brokerage. Look for reviews on reputable websites and forums.

  • Security measures: NOAH implements a negative equity protection policy to safeguard traders from incurring losses exceeding their account balance, ensuring that traders are not held liable for negative balances resulting from extreme market conditions.

Ultimately, the decision of whether or not to trade with NOAH is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

NOAH offers a wide range of market instruments for investors to trade, including:

Forex: The foreign exchange market is the largest and most liquid market in the world, and it offers investors the opportunity to trade currencies from different countries.

Noble metals: Gold, silver, and platinum are all popular precious metals that investors can trade. These metals are often seen as a safe haven investment, and they can provide diversification to a portfolio.

Indices: Indices are baskets of stocks that track the performance of a particular market or sector. For example, the S&P 500 index tracks the performance of the 500 largest companies in the United States.

Stocks: Stocks represent ownership in a company, and they can be traded on a stock exchange. Stocks can provide investors with the opportunity to profit from the growth of a company, and they can also provide a dividend income.

Cryptocurrencies: Cryptocurrencies are digital or virtual currencies that use cryptography for security. Bitcoin, Ethereum, and Litecoin are some of the most popular cryptocurrencies.

Crude oil: Crude oil is a type of oil that is extracted from the ground and used as a fuel. It is a commodity that can be traded on a futures exchange.

Market Instruments

Accounts

NOAH offers a range of account options to accommodate different trading needs.

Traders can start by using the demo account, which allows them to practice trading strategies and familiarize themselves with the platform without risking real money.

For those ready to trade with real funds, the Standard Account requires a minimum deposit of USD 200, providing access to a variety of trading instruments and services.

More experienced or high-volume traders may opt for the Professional Account, which requires a minimum deposit of USD 2000. This account type offers additional features and benefits tailored to the needs of professional traders.

However, it's worth noting that NOAH brokerage does not provide an Islamic account option for traders seeking Sharia-compliant trading conditions. Traders interested in NOAH brokerage should carefully consider their trading preferences and account requirements to select the most suitable account type for their needs and financial capabilities.

Account Types

Leverage

NOAH brokerage provides traders with a maximum leverage of up to 1:100. Leverage allows traders to control larger positions in the market with a smaller amount of invested capital. With a leverage ratio of 1:100, traders can amplify their trading potential by effectively multiplying their trading capital. It's important to note that while leverage can increase potential profits, it also amplifies potential losses, as traders are exposed to higher market risk. Therefore, it is crucial for traders to exercise prudent risk management practices, carefully consider their trading strategies, and be aware of the potential implications of using leverage.

Spreads & Commissions

The Standard Account is characterized by spreads starting from 0.0 pips, providing traders with competitive pricing without any additional commission charges.

The Professional Account also offers spreads starting from 0.0 pips but comes with a commission starting from 8 USD per lot traded.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
NOAH From 0.0 Variable (depending on account)
RoboForex 0.0 Variable (depending on account)
FXCM From 1.2 Variable (depending on account)
Plus500 From 0.8 No commissions

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

NOAH provides its clients with the flexibility and convenience of trading on the widely popular MT5 (MetaTrader 5) platforms through various devices, including Windows computers, iOS devices, Mac and Android devices. This extensive compatibility allows traders to access their accounts and trade the markets at any time and from anywhere that suits them best. With MT5, traders can analyze the markets, place trades, and utilize a wide range of technical indicators and tools to support their trading strategies.

MT5

Overall, NOAH's MT5 trading platform is well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
NOAH MT5
RoboForex MT4/5, cTrader, R Trader, WebTrader
FXCM Trading Station, MT4, NinjaTrader
Plus500 Plus500 WebTrader, Plus500 Mobile App

Trading Tools

NOAH provides traders with a range of useful trading tools to enhance their trading experience.

One such tool is the VPS (Virtual Private Server), which allows traders to have their trading platforms and strategies running 24/7 without the need for their personal computer to be constantly connected to the internet. The VPS ensures uninterrupted trading, even during power outages or internet disruptions, providing traders with peace of mind.

Another valuable trading tool offered by NOAH is the Expert Advisor (EA). EAs are automated trading systems that can execute trades based on pre-programmed rules and algorithms. Traders can use EAs to automate their trading strategies, analyze market conditions, and execute trades without the need for manual intervention. This tool enables traders to save time and take advantage of trading opportunities even when they are not actively monitoring the markets.

In addition, NOAH provides an economic calendar, a vital tool for traders to stay informed about upcoming economic events, key announcements, and macroeconomic indicators that can impact the financial markets. The economic calendar helps traders plan their trading strategies, understand potential market volatility, and make informed decisions based on fundamental analysis.

Trading Tools

Deposits & Withdrawals

NOAH offers convenient and flexible deposit options to accommodate different traders' preferences.

Traders can choose to deposit funds via local bank transfer, allowing for easy and secure transfers directly from their local bank accounts. With a minimum deposit requirement of USD 200 or its equivalent in other currencies, this option provides accessibility for traders looking to start with a moderate investment.

Additionally, NOAH supports Alipay as a deposit method, enabling traders to make deposits using this popular and widely-used payment platform. With a minimum deposit requirement of USD 200 or its equivalent, Alipay provides a convenient and efficient way for traders to fund their trading accounts.

For those utilizing USDT (Tether), NOAH offers the option of topping up their accounts with a minimum of 200 USDT. USDT is a stablecoin that is pegged to the value of the US dollar, providing traders with a digital currency option to deposit funds into their trading accounts. This option is particularly advantageous for traders who prefer to use cryptocurrencies for their transactions.

While the deposit info and related fees are not available on broker‘s webpage, it’s recommended that traders consult with broker directly for details and confirmed information.

Local bank transfer & Alipay
USDT deposit description

Fees

NOAH brokerage implements an overnight fee policy that applies when a position is held beyond 00:00 server time. Traders should be aware that an overnight fee will be charged for positions held overnight, except on Saturdays and Sundays when the fee is waived. It's important to note that every Wednesday morning, a triple overnight fee is charged. The specific rates and adjustments of the overnight fee may vary over time, so traders are advised to refer to the MT5 contract specifications or contact NOAH for the most up-to-date information regarding the overnight fee. Understanding and considering the overnight fee is essential for traders, as it forms part of the overall trading costs and can impact the profitability of longer-term positions.

Customer Service

NOAH provides multiple customer service options to assist its clients. Customers can reach out to NOAH through various channels to address their queries and concerns as below:

Phone: +852 30018806

Email: cs@noahfx.com.

NOAH also provides customer service support through online platforms such as QQ and WeChat, enabling traders to connect easily and receive timely assistance, enhancing the overall trading experience.

Customer Service
Pros Cons
• Accessibility Quality and Expertise
• Personalized Support
• Multiple customer support channels

Note: These pros and cons are subjective and may vary depending on the individual's experience with NOAH customer service.

Conclusion

According to available information, NOAH is a non-regulated Seychelles -based brokerage firm. While the firm offers a range of market instruments such as Forex, Noble metals, Index, Stock, Cryptocurrencies, Crude Oil, it is important to consider certain factors such as lack of regulations that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from NOAH before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is NOAH regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does NOAH offer the industry leading MT4 & MT5?
A 2: Yes, NOAH offers MT5 on Windows, Mac, iOS and Android devices.
Q 3: Is NOAH a good broker for beginners?
A3: No. It is not a good choice for beginners. It‘s been verified the broker currently has no valid regulations from recognized regulatory authorities.
Q 4: Does NOAH offer demo accounts?
A 4: Yes.
Q 5: What is the minimum deposit for NOAH?
A 5: The minimum initial deposit to open an account is $200.
Q 6: At NOAH, are there any regional restrictions for traders?
A 6: Yes. The broker’s service does not apply to residents in the UK, EU and USA, or those who use this information in violation of local laws and regulations.

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FX1658211502
more than one year
Stay away from this useless broker to avoid losing your trading funds. These people are all scammers and liars. I used an online banking deposit with a high conversion rate, but when I requested a withdrawal, they unreasonably refused my withdrawal and asked me to request it again at a lower conversion rate. I reported this issue, but they told me they couldn't control it.
2024-03-26 15:43
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